NexImmune, Inc. Stock Forecast
Stronger technical forecast for NexImmune, Inc. stock price after Wednesday trading.
(Updated on Apr 24, 2024)
The NexImmune, Inc. stock price fell by -4.96% on the last day (Wednesday, 24th Apr 2024) from $3.43 to $3.26. During the last trading day the stock fluctuated 6.75% from a day low at $3.26 to a day high of $3.48. The price has fallen in 7 of the last 10 days and is down by -17.57% for this period. Volume has increased on the last day by 6 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 13 thousand shares were bought and sold for approximately $41.78 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
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NEXI Signals & Forecast
There are few to no technical positive signals at the moment. The NexImmune, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $3.39 and $4.88. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 01, 2024, and so far it has fallen -78.54%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). NexImmune, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for NexImmune, Inc. stock
NexImmune, Inc. finds support from accumulated volume at $3.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.220 between high and low, or 6.75%. For the last week, the stock has had daily average volatility of 9.11%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NEXI) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect NexImmune, Inc. to open at $3.33, and during the day (based on 14 day Average True Range), to move between $2.72 and $3.80, which gives a possible trading interval of +/-$0.537 (+/-16.47%) up or down from last closing price. If NexImmune, Inc. takes out the full calculated possible swing range there will be an estimated 32.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.15 (3.37%) than the resistance at $3.62 (11.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NexImmune, Inc. stock A Buy?
NexImmune, Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.871 Sell Candidate Upgraded
Predicted Opening Price for NexImmune, Inc. of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$3.33 ( 2.25%) | $3.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NEXI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.55 | 9.00 % | |
R2 | 3.47 | 6.42 % | ||
R1 | 3.42 | 4.83 % | ||
Current price: | 3.26 | |||
Support | S1 | 3.25 | -0.328 % | |
S2 | 3.20 | -1.92 % | ||
S3 | 3.11 | -4.50 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.96 | 21.32 % | |
R2 | 3.71 | 13.80 % | ||
R1 | 3.62 | 11.04 % | ||
Current price | 3.26 | |||
Support | S1 | 3.15 | -3.37% | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
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